Market Intelligence · MI / Waterford

Waterford, MI 48328 Housing Market

The typical home value in Waterford, MI 48328 is $254,075, up 2.6% over the past year as of September 2026. The median list price sits at $264,950, and homes are spending a median of 32 days on the market.

Updated September 2026Median value$254K

The median home value in Waterford, MI 48328 is $254K as of September 2026, up 2.6% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 48328 range

$234K to $274K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+2.6% over 12 months

Sep 2025$248K

Low $248KHigh $254K

Sep 2026$254K

The numbers

What is the 48328 housing market like?

As of September 2026

Typical home value

$254K

2.6%YoY

Median list price

$265K

3.6%MoM

Days on market

13.5%MoM

Homes for sale

17.7%MoM

Price cuts

27.8%

150.6%MoM

New listings

25.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

48328 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48328 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 48328 rose 2.6%, per the Zillow Home Value Index.

Will home prices drop in 48328?

Zillow's forecast does not call for a drop: it expects typical home values in 48328 to rise 1.6% by September 2027, after a 2.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48328 home prices compare?

48328$254,075
Waterford$278,298
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Waterford: 3 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 73 homes for sale in 48328, with 30 new listings added. The median list price is $264,950, while the typical home value is $254,075, a figure that rose 2.6% over the past year. Homes are moving in a median of 32 days, which points to a reasonably active pace. Still, 27.8% of listings have taken a price cut, so some sellers are starting too high and adjusting. For a seller here, the market rewards realistic pricing from day one rather than testing the top of the range.

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Down payment20% · $50,815

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Common questions

What people ask us.

How much is a home in 48328 worth?

The typical home value in 48328 is $254,075 as of September 2026, up 2.6% over the past year. The median list price among current listings is $264,950.

How fast are homes selling in 48328?

Homes in 48328 are spending a median of 32 days on the market as of September 2026. There are 73 homes for sale, with 30 new listings added.

Are sellers cutting prices in 48328?

Yes. As of September 2026, 27.8% of listings in 48328 have had a price cut.

Discover

Nearby ZIP markets.

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